Anixter International Inc. (AXE) VP Sells $74,700.00 in Stock

Anixter International Inc. (NYSE:AXE) VP William Standish sold 1,000 shares of Anixter International stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $74.70, for a total transaction of $74,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

William Standish also recently made the following trade(s):

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On Monday, July 17th, William Standish sold 1,000 shares of Anixter International stock. The stock was sold at an average price of $77.55, for a total transaction of $77,550.00.

On Thursday, June 15th, William Standish sold 1,000 shares of Anixter International stock. The stock was sold at an average price of $76.20, for a total transaction of $76,200.00.

Anixter International Inc. (AXE) traded down 1.67% on Tuesday, reaching $73.55. 93,545 shares of the company’s stock were exchanged. The firm has a market cap of $2.44 billion, a PE ratio of 16.80 and a beta of 1.98. Anixter International Inc. has a 12 month low of $58.55 and a 12 month high of $88.00. The firm’s 50-day moving average is $78.03 and its 200-day moving average is $79.31.

Anixter International (NYSE:AXE) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported $1.36 EPS for the quarter, meeting analysts’ consensus estimates of $1.36. Anixter International had a net margin of 1.91% and a return on equity of 13.09%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm posted $1.32 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Anixter International Inc. will post $5.35 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in AXE. Advisor Group Inc. increased its position in shares of Anixter International by 110.9% in the second quarter. Advisor Group Inc. now owns 1,354 shares of the technology company’s stock worth $106,000 after buying an additional 712 shares during the period. Acrospire Investment Management LLC increased its position in shares of Anixter International by 100.0% in the first quarter. Acrospire Investment Management LLC now owns 1,600 shares of the technology company’s stock worth $127,000 after buying an additional 800 shares during the period. Quantbot Technologies LP purchased a new position in shares of Anixter International during the first quarter worth approximately $144,000. SG Americas Securities LLC purchased a new position in shares of Anixter International during the second quarter worth approximately $158,000. Finally, Riverhead Capital Management LLC increased its position in shares of Anixter International by 77.6% in the second quarter. Riverhead Capital Management LLC now owns 2,131 shares of the technology company’s stock worth $167,000 after buying an additional 931 shares during the period. 86.64% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Wolfe Research assumed coverage on shares of Anixter International in a research report on Tuesday, July 11th. They set an “outperform” rating and a $88.00 target price for the company. Zacks Investment Research lowered shares of Anixter International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $82.00 target price (down previously from $89.00) on shares of Anixter International in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.00.

About Anixter International

Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).